well heres my story, im in the market for a new car and i have 11,000 cash to spend. i have found this car on the internet that i really like, but it is listed at $13,900. Do you think a dealer would give it to me for 11,000 out the door if i write a check. i rally need help.
2007-12-16 03:01:10 · 5 answers · asked by rkitect93 2 in Cars & Transportation ➔ Buying & Selling
You can make the offer, but i doubt that the dealer will take $2900 off of the asking price and even if he did, he could not include taxes and tags!! I know my answer to an offer of $11,000 cash would be "and you want to finance the balance?"
You do not give any information about the vehicle, so I can't tell you if the $13,900 price is in line with the market value.
Good luck
2007-12-16 03:53:48 · answer #1 · answered by fire4511 7 · 4⤊ 2⤋
WOW! There's a lot of missing information, but I'll give it my best shot. Assuming that the car listed at $13,900 will cost approximately $15,000 out the door (with tax and fees depending on where you live) the cost would have to be reduced over 25% for you to get it at $11,000. There is typically not that much profit built into the price of a car. Especially one in the lower price range.
With that being said, it is still possible. Historically, this is the right time of the year to get a good deal on model year-end clearances. Also car sales in general are down so many dealers are "hungry" for any sale. Some car manufacturers (especially domestic) are offering HUGE incentives to encourage consumers to by. Additionally if you are a recent college grad, first-time buyer and/or active duty military be sure to mention this. Several manufacturers offer additional discounts to people in these categories. So there may be a lot of things in your favor.
I suggest that you do some more research, starting with the manufacturers website. They will have information on incentives offered for the car you are interested in, for the area you are in. Sales Demos, Program Cars or Rental/Lease returns are often sold significantly below market price, so you might want to consider one of these. You might also consider a deal outside your immediate market area. Sometimes a $200 plane ticket can save you a $1000 or more. Just make sure you know all the costs and savings involved.
Lastly, if you are a young person or someone with very little car buying experience, I would suggest you take a more experienced buyer with you to consult with and provide support. While having an experienced person with you is very helpful it should be clear to everyone that you are the one making the decision...it's your money!
So to answer your question...I'd say if you're lucky you have about a 30% chance of getting what you want.
Happy hunting!
2007-12-16 13:45:38 · answer #2 · answered by Krazy Scion Guy 4 · 0⤊ 4⤋
Build your case with facts - you can probably answer your own question even.
Look at True Market Value at Edmunds to see what this vehicle is going for. They can tell you many of the incentives the dealer got from the manufacturer on this vehicle and the invoice price the dealer paid.
If the dealer can make some money on the deal - he'll sell you the car. There are some facts you won't know - like he has sold his quota for the month (less likely to deal) or he is way behind his quote for the month (selling a car even a cost will score points for him/her)
2007-12-16 11:12:48 · answer #3 · answered by Ansrgeek 7 · 0⤊ 5⤋
It doesn't hurt to try but you have to be very firm. do you have any family or friends who are good at dickering?
2007-12-16 11:05:42 · answer #4 · answered by darbygirl 4 · 0⤊ 5⤋
i doubt it.
2007-12-16 11:33:38 · answer #5 · answered by jay 7 · 4⤊ 1⤋